Greater China

New economy-focused logistics company ESR is looking for the greenlight to list in Hong Kong, having filed a draft IPO prospectus with the city’s stock exchange.

Chow Tai Fook has launched a HK$6bn ($764m) loan into general syndication after attracting seven banks at the senior level.

China real estate companies Zhenro Properties Group and China Evergrande Group started the new month with fresh dollar deals at the end of last week, marking Zhenro’s fourth trade of the year and Evergrande’s second.

China State Construction International Holdings returned to the dollar bond market, adopting an unusual structure that raised many questions even after the $500m credit-enhanced deal was priced.

Chinese home appliance company Midea Group is seeking banks for a $650m loan to refinance its acquisition of Toshiba’s home appliance business from 2016.

In this round-up, the China Banking and Insurance Regulatory Commission (CBIRC) put pressure on banks to provide more private sector financing, the US trade representative said he was not yet satisfied with China’s trade promises and the Hong Kong Stock Exchange (HKEX) planned to increase cross-border capital market deals.

Index provider MSCI will increase the weight of China A-shares in its flagship emerging market index from 5% to 20%. The move will happen over three phases and be completed by November 2019, the company announced on Thursday.

Hong Kong’s stock exchange operator is planning to attract more companies from the Asia Pacific region to list in Hong Kong, as well boosting its Stock Connect schemes with China. The moves should help cement its position as a global fundraising hub, according to a strategic plan published Thursday.

Haitong International Securities has boosted an offshore borrowing to HK$16bn ($2bn) after receiving strong demand during the syndication.

In this round-up, China’s benchmark CSI300 index saw its biggest daily rise in three years after trade negotiations and deleveraging boosted investor sentiment, service imports and exports rose in 2018 and a Bloomberg survey indicated Hong Kong and Singapore investors are optimistic on Chinese onshore bonds.

Dollar bond supply from China continues unabated. China Vanke Co and Agile Group Holdings joined their real estate peers in a recent spree, raising $1.1bn between them, while science park operator TUS-Holdings priced a $350m dollar bond.

Chemicals company China Risun Group has kicked off the deal roadshow for its Hong Kong IPO, eyeing proceeds of up to HK$1.9bn ($243.1m).